The long-term future of the Gold Coast Titans has been given a significant boost after the Australian Rugby League Commission (ARLC) granted the club a new licence for 2013 and beyond.
The ARLC has agreed to licence terms for a new Titans entity under the control of an independent board that offers the club a fresh start from 2013.
The consortium which is headed by a group of businessman including Darryl Kelly, Graeme Connor and Anshuman Magazine will take a controlling position in the club’s ownership. Gold Coast Titans Executive Director of Football Michael Searle and his associated shareholders continue their association through a minority shareholding.
Gold Coast Titans Chief Executive Officer David May said the new licence was a key component in the club’s quest to move into an important new phase.
“It’s great news for the Titans and the entire rugby league community on the Gold Coast that our licence has been renewed,’’ said Mr May.
“It gives us surety for the future and we see it as the final component in the club being able to move forward into a new phase under a new structure.
“We are excited about what the future holds for this club.’’
ARLC Chairman Mr John Grant agreed the new licence was a great result for rugby league on the Gold Coast.
“This is a really strong result for the Gold Coast,” Mr John Grant said.
“It has come about after months of negotiation and thanks to a number of parties who have acted in the best interests of the Titans and Rugby League on the Coast.
“From the Commission’s perspective we have secured an outcome that ensures a stable club is in place with an independent governance structure.
“The players, members and fans of the Titans have showed tremendous support for the club in trying circumstances this year and I think that they can look forward to next year with a great deal of confidence.”